Founded in 2008 and headquartered in downtown Springfield, Illinois, this well-established renewable energy company provides end-to-end solutions including consultation, site assessments, system design, project management, product procurement, and ongoing energy management. The business serves a balanced and diverse customer base, with approximately 50% residential clients, 25% small businesses, and 25% agricultural producers, along with experience serving non-profits and municipal organizations. They have experience 3 years of growth to the cash flow and maintains a strong 37% profit margin. Operating from a leased office suite with three private offices, the company is supported by a full- time project coordinator and a part-time diagnostic technician.
The current owner is actively involved in daily operations, overseeing sales, administration, and strategic direction, and is now preparing for retirement. To ensure a smooth transition, the seller is willing to remain involved for 1 year post-close and has offered to stay on as a consulting role thereafter. Additionally, the seller is offering to carry 15% of the purchase price, demonstrating strong confidence in the company’s future.
With a purchase price of $1,250,000 and a low multiple of 2, this business is poised and ready for a new owner to step in and continue the operations. Significant growth opportunities exist through geographic expansion, adding installation crews, and bringing on dedicated outside sales talent.
Business Information
- Clients: Small businesses (25%), Residential (50%), and Agricultural producers (25%). Has also worked with non- profits and municipal clients. Solutions include Solar photovoltaics, solar pool heating, wind and LED lighting technologies
- Services: Solar installation & Consultation, Site Assessment, System design, project management with product procurement and energy management.
- Location: Springfield IL with service throughout a 60-mile radius
- Year Established: 2008
- Personnel: Full time project coordinator and a part time diagnostic technician. All labor is subcontracted out to regular, recurring crews
- Lease: Office suite with 3 open offices in the heart of downtown
- Owner Role: Seller is active in the operations providing general oversight, high-level sales, and administrative functions
- Seller Training Period: 1 year plus will continue as a consultant as needed
- Growth Opportunities: Geographical expansion, onboard additional installation crews, and bring on an outside sales associate
- Equipment: $5,000 Very low CapEx
- Reason for Selling: Desires to go into politics or lobbying to help support the growth of renewable energy
